Category: kmbmchox

Tax changes hit investor numbers

first_imgAgents have seen a drop in investor interest after last July’s changes to tax laws.CHANGES which came into effect a year ago surrounding what property investors can claim at tax time are starting to affect the Cairns property market.In May last year the federal government proposed changes to the depreciation of plant and equipment assets and the claiming of travel expenses relating to inspecting, maintaining, or collecting rent for a residential rental property in the federal budget.The travel expenditure is also not recognised in the cost base of the property for capital gains tax purposes.The changes to depreciation mean it is not allowed on floor coverings, airconditioning and appliances within the property at the time of purchase. Big property changes starting July 1 Full size treehouse for $600K Inside absurd $250 million mansion The investor tax crackdown has seen less interstate buyers visiting Cairns, according to Mr Moller.Any investor who purchases a new property can continue to claim depreciation for plant and equipment as usual. Those changes were passed by the senate in November and became law on July 1.More from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days agoAfter a positive start to the year, LJ Hooker Edge Hill principal Ross Moller said investment property sales had tapered off in Cairns. He blamed the more restrictive tax conditions around owning an investment property.“The crackdown on investors means Cairns is less attractive to interstate buyers,” he said.“The incentive to visit Cairns and claim a tax deduction is gone now so I am seeing less interstate customers coming up to look at properties while they’re on holiday. There is no short-term gain to owning an investment property now unless there is capital growth.” LJ Hooker Cairns Edge Hill principal Ross Moller at a property he was selling in Mooroobool.“There are of course long-term gains such as rental returns and potential capital gains. “But, unless you’re a renovator who just gets in and gets out, there’s not much of a drawcard.”The new laws only apply to second-hand residential rental properties bought after May 9, 2017. But Mr Moller said owning property was one of the best ways to build wealth.After buying an investment property, a specialist quantity surveyor will ensure all deductions are identified and claimed correctly under the new legislation. SEE MORE CAIRNS REAL ESTATE NEWS HERElast_img read more

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Auctions will be Cairns’ biggest selling method in future

first_imgVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality LevelsAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUND Session ID: 2020-09-28:4789480a383ed30f55930b54 Player Element ID: vjs_video_736 OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen00:00WANT to sell your home quickly and for the best possible price?Consider taking it to auction.One of the city’s leading real estate agents has said Cairns will one day reach the crazy heights of auctions in Sydney and Melbourne, where the majority of homes are sold that way.“The homes we put up for auction definitely sell faster than doing it the old-fashioned way,” RE/MAX principal Tony Williamson said.“And if you list it and it sells the next day, some people might think that’s a great result but it might not be what the market would pay.”Last week eight properties went to auction at the Whitfield chapel, owned by RE/MAX.One sold prior to the auction, two sold that night and two more sold the next day.Mr Williamson said the remaining four properties would sell this week. More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“No one can question an auction, the agent has demonstrated over four weeks what will be the best a market will pay. The auction is the purest form of real estate, that why deceased estates and mortgagee-in-possession sales are done by auctions,” he said.“It takes the pressure off the sellers too. If it doesn’t go to auction you have to come up with a price, and that is subjected to offers.“With an auction there is no pricepoint, but they do set the reserve on the day of the auction.”He believes Cairns will get to the stage where the majority of sales are via auction.last_img read more

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Al Jazeera journalists jailed for 3 years in Egypt

first_imgJudge Hassan Farid said the court investigated the case fully and established that Peter Greste, Mohammed Fahmy and Baher Mohammed broadcast false news, were not journalists, and operated without permits or licences.Australian citizen Greste was sentenced to a three-year prison sentence in absentia as President Abdel-Fattah al-Sissi ordered him to be deported in January.Three Egyptian students on trial alongside the journalists were also jailed for three years. Last year, the six men were sentenced to seven years in prison each on charges of collaborating with the outlawed Muslim Brotherhood movement and spreading false news about Egypt.The initial verdict was overturned on appeal in January and Farid later released the defendants on bail. An Egyptian court on Saturday jailed three Al Jazeera journalists for three years each on charges of broadcasting false news and working without permits, in the retrial of a case that has highlighted the country’s crackdown on the media.last_img read more

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Remi Garde puts a halt to Aston Villa’s pursuit of Steve Round

first_imgAston Villa boss Remi Garde has put the brakes on any move for Steve Round. Press Association Garde is understood to be keen on appointing a coach with experience of the Barclays Premier League but it is now unlikely to be Round. Any fresh appointment would also work under Ray and Press Association Sport understands Round is considered too experienced for the role after his time at Old Trafford and Everton. “I am happy at the moment with my staff,” said Garde. “I have brought with me Reginald Ray and Robert Duverne. I know Steve Round has been linked with the club but probably before I came here. ” The club had a chat before I was linked then they told me they’d had this chat. I said it was no problem and I wanted to be polite. “I didn’t know Steve personally but I know his career so it was nice to have a chat with him but that was it.” Garde could yet go back in for his coaches at Lyon, Gerald Baticle and Bruno Genesio, after Villa saw their attempt to take them from the Ligue 1 club thwarted. Villa go to Everton on Saturday bottom and five points from the safety line after a 0-0 draw against Manchester City stopped a run of seven straight defeats in Garde’s first game in charge. center_img Former Manchester United assistant Round held talks with Villa in the summer while Tim Sherwood was still in charge. Garde confirmed he spoke to Round after he was appointed this month but has brought in Reginald Ray as his assistant. last_img read more

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Ighalo Admits First Eagles Call up was Shocking

first_img“Then I came to Watford when they were in the Championship and you’re telling me I am going to be invited. I was not bothered because they didn’t invite me when I was in La Liga.”Ighalo struggled for game time during his spell at Udinese, managing only five appearances before ending his association with the Italian Serie A club.The former Lyn Oslo starlet argued that he had to accept to join third-tier Granada on loan because he found it difficult breaking into the Bianconeri starting lineup due to the presence of more experienced strikers in the squad such as Alexis Sánchez, Simone Pepe, Fabio Quagliarella, Antonio Floro Flores and Antonio Di Natale.“Udinese came for me and two other teams in Netherlands and Russia. My first season in Udinese was not easy because we had the likes of Di Natalle, Fabio Quagliarella, Floro Flores, Simone Pepe, Alexis Sanchez, we all played in Udinese together back then 2008-2009. It was not easy I was not playing much.“I had to go on loan to Granada and they were in Segunda B, when they proposed the loan to me I said I wasn’t going, how would I leave the Italian Serie A for third division.“Sometimes in life if things are not going well for you, you have to make one, two steps backwards then three upwards, that’s what I learnt about life.“I was reluctant to go but I went, I did well, scored goals and helped the team gain promotion to Segunda Division.“I didn’t want to play in the Segunda Division, I got a loan to Cesena in Italy, I played there six months and I said Italian league is not for me, things did not go well.“I went back to Spain again in Granada then played six months, I even scored the goals that brought us to the La Liga and played in La Liga for three years,” Ighalo concluded.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Manchester United striker Odion Ighalo has confessed that he did not envisage that he would be called up to the Super Eagles for their international friendlies against Uganda and South Africa back in 2015 because he was playing for a Championship team, Watford.Despite playing in the strongest league in the world, La Liga for three consecutive seasons, Ighalo was consistently overlooked for national team selection until his move to Watford, where his outstanding performances put him in the spotlight.“Why I didn’t believe then is because I played three years in the Spanish La Liga with big boys, I wasn’t invited to the national team,” Ighalo said to Offline Utmostt Review.last_img read more

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RACE : Division-III Stevenson University celebrates first-ever victory

first_imgEd Sweeney has manned the sidelines for various Division I-AA, Division III and high school football teams for more than 30 years.This past Saturday might be the highlight in his three decades of games. Sweeney thinks his most recent game, as associate head coach at Stevenson University, is up there with the best of them.That’s because it was Stevenson’s first win. Not in the conference. Not in the season.First win ever.‘It felt good to accomplish it,’ he said. ‘Nobody expected us to do it.’AdvertisementThis is placeholder textTwo games into the Division III Stevenson football program’s first season, the Mustangs came away with a 46-43, double-overtime victory over Christopher Newport University on Saturday. The game was played in front of a sellout crowd of 3,500 in the inaugural home game at Mustang Stadium, located on the former site of the NFL’s Baltimore Ravens’ practice facility.But the Mustangs, who now sit at 1-1 and will begin Middle Atlantic Conference play this weekend against King’s (Pa.) College, didn’t just get lucky as the clock ran out.A victory like this has been in the works for years.The university acquired the Baltimore-owned property in Owings Mills, Md., only four miles away from the Ravens’ current training facilities, in 2006. The plan was to build a $9 million stadium at the expense of the school. It would host field hockey, men’s and women’s soccer and men’s and women’s lacrosse games.And, once it materialized, the football program would make its home on the former Ravens property, too.There were some snags in the operation. Some professors were concerned about the amount of money being spent on a new stadium and creation of the football team, Stevenson Athletic Director Brett Adams said.But Adams and other officials did research on the possible effects a football program could have on Stevenson in terms of economics, campus demographics and alumni relations. The male population would increase. Students would remain on campus on Saturdays to watch games. Alumni could reconnect to their alma mater by returning to Owings Mills during the fall to watch the Mustangs play — all appealing benefits in the eyes of Stevenson administrators.The stadium — and the football team — were approved.In fall 2010, the coaches began their heavy work. The fledgling team practiced three days a week and worked out two more. But there were no scrimmages, no walk-throughs and no games against junior varsity teams. It wasn’t worth possibly risking the eligibility of the players, Sweeney said.The ‘season’ before the real season culminated in an intrasquad scrimmage in October 2010, on Stevenson’s homecoming weekend.Then the coaches hit the recruiting trail. Sweeney said convincing players to play for Stevenson was easier because of the Division I-type facilities the Mustangs have at their stadium. The locker room contains 62 lockers from the Ravens’ former locker room. The weight room is 6,400 square feet — three times the size of the former weight room — and the stadium seats 3,500 people.‘That’s very significant to me after being at a number of places,’ Sweeney said. ‘It makes it a lot easier to recruit when we can show them what we have. They get to play in front of 4,000 people under the lights in a tremendous facility, which is huge. They can get a good solid education, and they can have a good solid team.’Recruiting hasn’t been the only aspect of Stevenson affected. The changes the team has brought to campus have been remarkable.Forty years ago, Stevenson was an all-female university. In 1994, when Adams was hired, only two percent of students were male. Now, 39 percent of the campus is male — much closer to the national average.‘The school is in a growth mode. They’re increasing enrollment and increasing student housing,’ he said. ‘The increased growth means additional tuition dollars.’The successes are just beginning for Stevenson. Adams said the program is 300 tickets away from selling out all of its home games. The profit the program is bringing in will be able to fund the beginning of a women’s ice hockey program — which will be the southernmost program of its kind in the United States at any collegiate level.Instead of cutting men’s programs to meet Title IX standards, Adams said, the school can expand its offerings for students.And the changes are just beginning for the Mustangs football team.After Stevenson opened its season with a 49-21 thrashing at the hands of Shenandoah, the odds looked stacked against the team Saturday.But Sweeney gave the players some advice.‘Once you play a game, you’re a veteran,’ he told them. ‘You’re not a freshman anymore.’The Mustangs won in triumphant fashion. Freshman Jeromie Miller caught a touchdown pass from junior quarterback C.J. Hopson to push the Mustangs ahead of Christopher Newport in the second overtime.‘They were all really, really pumped up,’ Sweeney said. ‘Kids were running around with the school flag and jumping around. It was every emotion you could think of.’The victory means a lot for the future of Stevenson as an institution, campus and community.‘I was overwhelmed watching everyone’s enthusiasm, and what it means for their experience and their time at Stevenson,’ Adams said. ‘This game will be memorable for more than just the players.‘This victory is transformational; it brings pride to every part of campus.’knmciner@syr.edu Facebook Twitter Google+ Published on September 12, 2011 at 12:00 pmcenter_img Commentslast_img read more

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The Final Word: Beat writers discuss Syracuse’s 81-76 win over Wake Forest

first_imgSyracuse (12-9, 4-4 Atlantic Coast) defeated Wake Forest ( 12-8, 3-5) Tuesday night in the Carrier Dome, 81-76. The game was tied with two minutes left before the Orange pulled out the victory. Andrew White led all scorers with a season-high 27 points. The Orange went 10-10 from the free throw line and made five of its 11 three point attempts.Our beat writers Matt Schneidman and Paul Schwedelson discuss the close win. Facebook Twitter Google+ MORE COVERAGE Syracuse comes back in second half to beat Wake Forest, 81-76, and stop 2-game losing streakAndrew White’s season-high 27 points lifts Syracuse to 81-76 victory over Wake ForestGraphical breakdown of Syracuse men’s basketball’s 81-76 win over Wake Forest  AdvertisementThis is placeholder text Comments Published on January 25, 2017 at 12:22 amlast_img read more

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Christy Roche calls time on racing career

first_imgChristy’s son Padraig will take over the training licence. The 67 year old has saddled Cheltenham Festival winners and was also a Classic-winning jockey.The Tipperary native hung up his riding boots in 1998 before turning his attention to training.During his 30 years as a jockey the Bansha man won the Irish Derby three times as well as notching up wins in the Derby and the Oaks in England.last_img

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Rank Group posts solid H1 growth through digital muscle & venue efficiencies

first_img John O’Reilly – Erratic orders have placed UK casinos on life support August 4, 2020 StumbleUpon BGC highlights UK casinos ‘community response’ under lockdown orders July 14, 2020 Rank outlines plans to reopen Grosvenor venues July 22, 2020 Share Henry Birch, Rank GroupPublishing its half-year H1 2017/18 results (6-month period ending 31 December), FTSE-listed gambling operator Rank Group Plc has detailed continued digital growth combined with solid returns from its venues performance.Updating the market, Rank reports strong financial KPI growth for its trading period, declaring group adjusted profits of £40 million, up 17% on corresponding H1 2016/17’s £34.5 million.The FTSE operator, continues its strong online momentum, reporting UK digital revenues of £60 million, which would see its digital assets record operating profits of £11.4 million (H1 2016/17: £7.3 million).Further pleasing metrics for Rank investors are displayed in the firm’s venue performance, which has recovered under the group’s recently implemented ‘retail cost control program’.Period venue like-for-like revenues were sustained at £317 million. However, retail/venue efficiencies implemented by Rank governance saw the company report a 9% increase in period venue profits of £46 million (2016/17: £42.5 million).Commenting on H1 2017/18 corporate performance Henry Birch, Chief Executive of Rank Group Plc said:“We are pleased to report a good set of results with adjusted profit before tax up 17% and a particularly strong digital performance, with revenues up 16% and operating profit up 56%, despite the introduction of new gaming duty rules on customer bonuses. Along with much of the high street, we have faced a more challenging retail trading environment in the first half, but our combined venues businesses delivered an impressive 9% growth in operating profit.”A further trading highlight for Rank investors, saw the FTSE firm decrease its corporate net debt by £37m to a current net cash position of £4 million.Moving forward, Rank governance will continue to emphasise digital growth combined with venue refinements as its core strategy.The operator has invested in the refurbishment of Grosvenor’s Piccadilly and Golden Horseshoe casinos in London and further expects solid customer uptake for its new multi-channel product “Dual Play”, Rank’s live streaming of roulette from Grosvenor’s Victoria casino to the Group’s digital channel.“2018 promises to be a busy year with continued positive changes, including the launch of a single account and wallet product across Grosvenor’s retail and digital businesses. We remain confident in the outlook for the Group with management’s expectations for the full year unchanged.”Rank Group H1 2017/18 KPI Overview Share Related Articles Submitlast_img read more

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